Punjab Province in Pakistan approves first Child Protection Policy    Moon Hall Cairo Opens June 15 as Egypt's First Centre for Learning Difficulties    CBE: Egypt's annual core CPI inflation quickens to 13.1% in May    Egypt's FM hails decade of strategic ties with China    Egypt's gold reserves inch up to $13.679b in May – CBE    Egypt's Sisi, UAE's Bin Zayed discuss Gaza ceasefire, regional stability    Microsoft offers free AI cybersecurity to European govt.    Egypt's EHA partner with Entlaq to advance health sector digitalisation    Egypt plans largest-ever Arafat Day meal distribution, citing national unity    Germany's service sector contracts sharply in May '25    Egypt's EDA holds strategic talks with Pi Pharma    Egypt unveils comprehensive new export rebate programme    Egypt's Abdelatty, Benin FM discuss bilateral ties, African security    Egypt pledges stricter controls on psychotropic drugs amid concerns over misuse, smuggling    Egypt hosts 3rd International Climate, Environment Conference to advance sustainable innovation    Egyptian FM, visiting Indian MPs discuss strategic ties, regional security    Three real estate platforms seek FRA licensing for investment funds    Egypt details economic strategy, private sector empowerment to Goldman Sachs    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    New Alamein City to host Egypt International Sculpture Symposium, "ART SPACE"    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt unearths rare Coptic-era structure in Asyut    Amun-Mes named as owner of Luxor's Kampp 23 tomb after 50-year mystery    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



First Egyptian Samsung factory starts production
The factory in Beni Suef will employ thousands of locals, the company says
Ahram Online Published in Ahram Online on 10 - 09 - 2013

Global electronics maker Samsung has started production at its first factory in Egypt, the South Korean company stated on Tuesday.
Samsung added that it aims to supply the Egyptian market with the latest technology in LED screen manufacture, in addition to providing thousands of job opportunities in the southern governorate Beni Suef where the factory is located.
The official unemployment rate in Beni Suef governorate floats at around 6 percent, but observers estimate the acutal number of the jobless to be much higher that official numbers.
“The establishment of this factory will turn Egypt into a regional hub for the manufacture and export of Samsung products to all Middle East markets, which will create an opportunity to expand core strategic investments,” said Kinam Lee, Samsung Egyptian factory CEO in a statement.
In late 2012, Samsung announced it would be investing LE1.7 billion ($279.3m) in its first Egyptian plant in a strong message encouraging investors to increase their investments in the country.
http://english.ahram.org.eg/News/81270.aspx

Clic here to read the story from its source.